Spanish firm Isofoton is building what is described as the Dominican Republic’s first solar photovoltaic (PV) power plant.

The construction of the 50 MW plant is due to start this month and is expected to be operational next year. It will require an investment of $150m and create 500 jobs.

The Dominican Republic government and the company signed a power purchase agreement, which gave the green light for one of Latin America’s largest solar power plants.

The plant will be located 15 km from Santo Domingo, the capital city, and will generate 74,500 MWh annually, which is estimated to meet the consumption needs of over 58,400 families in this Caribbean nation.

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